Voting for Bihar Assembly elections has ended. Now the discussion on the results has started. Here, speculations are being made about whether Nitish Kumar’s government will remain intact or whether Tejashwi’s lantern will create history. Most of the exit poll results show NDA forming the government, but on the contrary, the data of Phalodi’s speculative market has surprised everyone.

The market rate of Phalodi’s betting market is telling a different story than the exit polls. According to betting market, there may be a close contest between NDA and Grand Alliance in Bihar. Not only this, Tejashwi Yadav’s Rashtriya Janata Dal can also become the largest party, leaving behind BJP and Nitish Kumar’s JDU. If Phalodi’s betting market is to be believed, the doors of possibilities are still open for both NDA and Grand Alliance in Bihar.

Who gets how many seats according to the betting market?

According to the market rates of Phalodi’s Satta Bazaar, NDA can get 105 to 135 seats in Bihar. Similarly, the Grand Alliance can get 97 to 127 seats. Similarly, others can get three to eight seats. Phalodi’s betting market is not at all enthusiastic about Prashant Kishore’s Jan Suraj Party. Opening an account for Prashant Kishor’s party would be no less than an achievement. Owaisi’s party will also face a big challenge to repeat the previous record.

According to the betting market of Phalodi, the doors of possibilities are still open for both Nitish Kumar and Tejashwi Yadav in Bihar. Here either NDA or Grand Alliance can form the government. However, 54 percent people are betting on the formation of NDA government, while 46 percent people are betting on Tejashwi Yadav’s grand alliance.

RJD can be the largest party

If the bets being placed in Phalodi’s betting market are considered as the basis, then Tejashwi Yadav’s Rashtriya Janata Dal can emerge as the largest party in Bihar. Tejashwi’s RJD can become the largest party by winning at least 75 seats. BJP can become the second party by winning a few less seats and Nitish Kumar’s JDU can become the third party by winning around 55 to 60 seats. Congress may prove to be a weak link for the grand alliance. The Congress party does not seem to be getting even two dozen seats.

What are the chances of Nitish Kumar becoming CM?

According to the betting market, it is not certain that Nitish Kumar will become the CM even if NDA gets majority. If NDA gets majority, the chances of Nitish Kumar becoming CM will be only 60 percent. The probability of BJP becoming CM is also 20 to 25 percent. If the Grand Alliance gets majority, the chances of Tejashwi Yadav becoming the CM are more than 97 percent.

How accurate are the figures?

Now it remains to be seen whether the predictions of exit polls regarding the results of Bihar elections prove to be correct or whether the betting market of Phalodi creates history. Let us tell you that Phalodi is a town of Rajasthan which is famous all over the world for its betting market. The betting market here is known for making accurate predictions regarding the results of elections and sports.

Although let us tell you that any kind of betting in elections is completely illegal, but betting in Phalodi is still done secretly. Predictions about the election results are made on the basis of the prices prevailing in the betting market here.

Voting for two phases of Bihar assembly elections is to be held on 6 and 11 November. Election results will come on 14 November. With the announcement of the dates, along with the increase in political activities, discussions have also started intensifying in the betting market. On one hand, political experts and various types of surveys are making their own predictions regarding the Bihar Assembly elections. Meanwhile, Rajasthan’s famous Phalodi betting market is also in the headlines, where bookies are fixing their own rates on the political contest in Bihar.

NDA claims return of government
According to reports, in Phalodi betting market, chances of NDA coming back to power are said to be high. According to speculators, NDA may get 128 to 134 seats out of 243 this time. 122 seats are required for majority, which according to these figures NDA can easily overcome. According to speculative market estimates, BJP, which is contesting on 101 seats within the NDA, may get 66-68 seats. And JDU, which is fighting on the same number of seats, is expected to get 54-56 seats.

Grand alliance estimates less than 100 seats
Speculators are predicting a weak performance for the opposition grand alliance. The possible seats available are said to be between 93 to 99. RJD, which is contesting 143 seats, is expected to get 69-71 seats. At the same time, Congress’s performance has again been described as weak.

Nitish’s price on the post of Chief Minister is lowest
In the betting market, Nitish Kumar’s name is doing the rounds as the strongest contender for the post of Chief Minister. Their price is between 40-45 paise. In the language of betting market, lower price means higher chances of winning. Latest information about the status of Tejashwi Yadav and Prashant Kishore has not been revealed.

How is the price decided?
In the betting market, the higher the probability of any event, the lower its price is kept.
Price less than 1 rupee = more chances of winning
Rs 1 to 1.25 = normal probability
Rs 2 or more = very low probability

However, prices keep going up and down depending on demand and environment.

Phalodi market was in discussion in the past also
During the Delhi Assembly elections also, the same market had predicted the victory of BJP, which proved correct in the results. Now, the answer to how accurate this estimate is in Bihar will be known only on November 14.

Betting in elections is a crime
Betting of any kind, especially betting related to elections, is legally prohibited in India. If found involved in this, there is a provision for both jail and fine.